BlackBerry (BB) executive Giamatteo sells 277K shares while exercising RSUs and retaining stake

Rhea-AI Filing Summary

BlackBerry Ltd director and officer John Joseph Giamatteo reported a series of insider trades in Common Shares of BB. On July 8–9, 2026 he executed open‑market sales totaling 277,012 shares at prices around $11 per share, alongside exercising 61,082 Restricted Share Units into common shares. Footnotes indicate that part of the selling activity was undertaken to cover withholding taxes upon RSU vesting. Following these transactions, he continues to hold 687,246 Common Shares directly, as well as a sizable remaining RSU position.

Insights

Equity compensation and insider-trading analyst

CEO exercised RSUs and sold shares, largely a liquidity and tax event.

BlackBerry executive John Joseph Giamatteo, CEO & President, Secure Comm., reported a combination of equity compensation activity and open‑market sales. He exercised 61,082 Restricted Share Units into Common Shares and reported total open‑market sales of 277,012 shares at prices near $11 per share.

Footnote language states that certain sales were made to cover withholding taxes upon RSU vesting, which is a routine, non‑discretionary mechanism. After these trades, he still directly owns 687,246 Common Shares and maintains 671,902 RSUs, so a substantial equity stake remains aligned with shareholders.

Investors may focus on the mix of tax‑related sales versus discretionary liquidity selling, but the continued large equity position suggests his exposure to BlackBerry’s future performance remains significant as of July 2026.

Insider Trade Summary

Net Seller: 277,012 shares ($3,100,357)

Net Sell 6 txns

Insider GIAMATTEO JOHN JOSEPH

Role CEO & President, Secure Comm.

Sold 277,012 shs ($3.10M)

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	61,082	$0.00	--
Sale	Common Shares	4,800	$11.27	$54K
Sale	Common Shares	120,200	$11.45	$1.38M
Exercise	Common Shares	61,082	$0.00	--
Sale	Common Shares	27,012	$10.92	$295K
Sale	Common Shares	125,000	$11.00	$1.38M

Holdings After Transaction: Restricted Share Units — 671,902 shares (Direct); Common Shares — 807,446 shares (Direct)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.00 to $11.01, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.20 to $11.39, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.37 to $11.49, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of BlackBerry Limited. Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")". The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.90 to $10.95, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This award was granted on April 9, 2026 and, assuming continued employment through the applicable vesting date, vests in twelve equal quarterly installments ending April 9, 2029.

Key Figures

Total shares sold: 277,012 Common Shares RSUs exercised: 61,082 Restricted Share Units Sale prices: $10.90–$11.49 per share +2 more

5 metrics

Total shares sold 277,012 Common Shares Aggregate open-market sales reported for July 8–9, 2026

RSUs exercised 61,082 Restricted Share Units Converted into Common Shares on July 9, 2026

Sale prices $10.90–$11.49 per share Weighted average ranges from multiple transactions per footnotes F1, F2, F3, F6

Shares held after transactions 687,246 Common Shares Direct ownership following the reported trades

Remaining RSU position 671,902 Restricted Share Units RSU balance after the 61,082‑unit conversion on July 9, 2026

Key Terms

Restricted Share Units, weighted average price, withholding taxes, contingent right, +1 more

5 terms

Restricted Share Units financial

"The price reported in Column 4 is a weighted average... Sales to cover withholding taxes upon vesting of Restricted Share Units"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

weighted average price financial

"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

withholding taxes financial

"Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")"."

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

contingent right financial

"Each unit represents a contingent right to receive one common share or an equivalent amount of cash"

quarterly installments financial

"This award was granted on April 9, 2026 and ... vests in twelve equal quarterly installments"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 04:32 PM Accepted by SEC EDGAR 07/10/2026 - 04:32 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GIAMATTEO JOHN JOSEPH

(Last) (First) (Middle)

C/O BLACKBERRY LIMITED

2200 UNIVERSITY AVENUE EAST

(Street)

WATERLOO N2K 0A7

(City) (State) (Zip)

ONTARIO, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
BLACKBERRY Ltd [ BB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & President, Secure Comm.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	07/08/2026		S		125,000	D	$11(1)	812,246	D
Common Shares	07/09/2026		S		4,800	D	$11.27(2)	807,446	D
Common Shares	07/09/2026		S		120,200	D	$11.45(3)	687,246	D
Common Shares	07/09/2026		M		61,082	A	(4)	748,328	D
Common Shares	07/09/2026		S		27,012	D(5)	$10.92(6)	721,316	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(4)	07/09/2026		M			61,082	(7)	(7)	Common Shares	61,082	(4)	671,902	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.00 to $11.01, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.20 to $11.39, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.37 to $11.49, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

4. Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of BlackBerry Limited.

5. Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")".

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.90 to $10.95, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

7. This award was granted on April 9, 2026 and, assuming continued employment through the applicable vesting date, vests in twelve equal quarterly installments ending April 9, 2029.

Remarks:

	/s/ Fraser Deziel, Attorney-in-Fact for John Giamatteo	07/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)